SAN FRANCISCO, July 14, 2022 /PRNewswire/ -- The global textile flame retardants market size is expected to reach USD 717.0 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 3.6% during the forecast period. The market growth is attributed to the rise in product demand from end-use industries such as industrial manufacturing, transportation, and defense. Flame retardants are chemicals used to retard flame propagation in textiles, plastics, building & construction, electrical & electronics, transportation, and defense applications. They exhibit different chemical compositions and are classified into halogenated and non-halogenated types.
Key Industry Insights & Findings from the report:
- The brominated product type accounted for around 70.0% revenue share in the halogenated product segment in 2021. The growth is attributed to the increase in product consumption in the treatment of furniture cushions, lampshades, curtains, privacy curtains, and drapery.
- The PU segment is anticipated to expand at the highest CAGR of 5.9% from 2022 to 2030 in terms of revenue, owing to its use in various applications, which include textile coatings, fibers, and foams.
- The durable type segment held around 54% of the revenue share in 2021. Durable type products include materials that form cross-linked structures on the fiber or react covalently with the fiber.
- The foam coating segment is anticipated to advance at 4.4% CAGR during the forecast period owing to its use to inhibit or retard combustion of flammable constituents, including foam.
- The industrial end-use segment has emerged as one of the prominent segments and is anticipated to expand at 3.5% during the projected period, owing to the use of flame retardants in construction and manufacturing activities.
- The Asia Pacific product market is driven by improved safety measures against fire, high demand from end-use industries, favorable government initiatives, and technological developments in developing economies. Flame retardants are used for producing workers' uniforms in the mines.
- Evolution of organophosphorus compounds owing to their enhanced flame retardancy properties is expected to present new opportunities for the phosphorus-based product market in the near future, especially in Europe and North America.
Read 109-page market research report, "Textile Flame Retardants Market Size, Share & Trends Analysis Report By Product (Halogenated, Non-halogenated), By Application, By Type, By Technology, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Textile Flame Retardants Market Growth & Trends
In addition to increased scrutiny from regulatory agencies around the world, developments in chemical sciences have increased the demand for the product. Regulations aimed at reducing the risk of fires have also been implemented as a result of this. In the creation of textile materials with flame retardants integrated, a variety of retardants, including aluminium trihydroxide, brominated, chlorinated, antimony oxides, and organophosphorus, are used. They are used in the production of styrene, epoxy resins, engineering thermoplastics, and Polyolefins.
Significant R&D activities focused on developing new offerings for the market have led to the introduction of bio-based products. This is projected to upsurge product demand, thereby further expanding its application scope. However, the market for bio-based products is still in the nascent phase and is projected to grow in line with commercialization and consumer cognizance.
Textile Flame Retardants Market Segmentation
Grand View Research has segmented the global textile flame retardants market report on the basis of basis of product, application, type, technology, end-use, and region:
Textile Flame Retardants Market - Product Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- Halogenated
- Brominated
- Chlorinated
- Antimony Oxide
- Boron-based
- Others
- Non-Halogenated
- Aluminum Hydroxide
- Magnesium Dihydroxide
- Organophosphorus
- Others
Textile Flame Retardants Market - Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- Polyester
- Cotton
- Viscose
- Nylon 6
- Nylon 6, 6
- PU
- PVC
- Polypropylene
- Aramid
- Others
Textile Flame Retardants Market - Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- Durable
- Semi-durable
- Non-durable
Textile Flame Retardants Market - Technology Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- Dyeing
- Padding
- Back-coating
- Spraying
- Printing
- Foam Coating
- Others
Textile Flame Retardants Market - End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- Industrial
- Defense
- Public Safety Services
- Transportation
- Household
- Others
Textile Flame Retardants Market - Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
List of Key Players of Textile Flame Retardants Market
- Albemarle Corporation
- ICL
- Lanxess A.G
- Clariant International Ltd.
- Italmatch Chemicals S.p.A
- Huber Engineered Materials
- BASF SE
- Thor Group Ltd
- Avocet Dye & Chemical Co. Ltd
Check out more related studies published by Grand View Research:
- Caprolactam Market - The global caprolactam market is projected to reach USD 15.74 billion by 2022, according to a new report by Grand View Research, Inc. Rising need for nylon 6 resins and fibers, on account of the growing electronics industry in China, has resulted in a significant increase in demand for the product over the past few years.
- Sulfuric Acid Market - The global sulfuric acid market size is expected to be valued at USD 13.45 billion by 2025, at a registering a CAGR of 3.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing investments in plant facilities due to the rising production capacity of phosphate fertilizer and tightening environmental regulations are anticipated to spur the market over the foreseeable period.
- Purified Terephthalic Acid Market - The global purified terephthalic acid market size is expected to reach USD 110.66 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for purified terephthalic acid (PTA) in polyester powder coating resins, PET resins, and unsaturated polyester resins for fiberglass-reinforced plastic is expected to augment industry expansion over the forecast period.
Browse through Grand View Research's Organic Chemicals Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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